India
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
UCO chooses Xchanging to implement disaster recovery solution
EastNets enables lender to incorporate transactions over SWIFT payment gateway with its existing disaster recovery infrastructure.
StanChart earns $540mln from India sale
Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.
NB Bank to remit money from Oman
NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.
StanChart tags Indian Depository Receipts at $2.13-$2.44
Sources said India’s largest international lender is offering 240mln IDRs to raise up to $587.42mln.
Hatton records Rs.652.8 million post-tax profit
HNB's first quarter pre-tax profit increased to US$10.49 million from US$10.33 million in the same period last year. The Group's pre-tax profit for the period also improved to US$10.72 million from US$9.97 million amidst re-pricing of assets and liabilities taking effect, subsequent to the sharp reduction in interest rates in the final quarter 2009.
ICICI bank to take over Bank of Rajasthan
“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.
StanChart applies for listing in India
Lender remains open to potential listings in various countries after filing prospectus to sell 240mln IDRs.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
SBI targets reaching 12,000 unbanked villages
Plan submitted to India's central bank under financial inclusion programme for the year.
ICICI Venture mulls launching $500mln infrastructure fund
Lender joins other private firms to fund India's $1tln infra projects between 2012 and 2017.
StanChart okays India listing bid
Shareholders give approval for up to $1bln IDR offering while seeking anchor investors.
SBI selects 2 US firms for POS terminals
Lender picks Visa International and Elavon to distribute 600,000 POS terminals over the next 5 years.
StanChart India share issue seeking anchor investors
Lenders holding StanChart's IDR started sourcing anchor investors from foreign investors, local banks and mutual funds.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
Punjab National Bank taps Punjabi immigrants in Canada
Lender focuses on retail markets after learning from its success in British market.
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